Last week, Politico breathlessly announced that “Trump Owes Tens of Millions to the Bank of China.”
The story was totally wrong. It was a fabricated story. It was fake news.
The story revolved around a financing secured by an office building located at 1290 Avenue of the Americas. It was a nice office building and the Trump Organization — the President’s real estate operating company, now run by a son — owned a minority interest of 30%.